KKR Markets Yen Bonds as Overseas Firms Seek Still-Cheap Funds
(Bloomberg) -- KKR & Co. is marketing yen bonds, joining overseas issuers raising funds before Japan’s yields climb further on bets of more interest rates hikes by the central bank.
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The New York-based investment firm is a regular issuer in the Japanese market and the planned multi-tenor debt deal would follow a similar offering last year, according to data compiled by Bloomberg. Recent yen deals by overseas issuers such as Indonesia and Berkshire Hathaway Inc. attracted strong demand from Japanese investors.
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